When you retire (claim your pension) early, before the Scheme’s Normal Pension Age, you must be over the Scheme’s Minimum Pension Age, also known as Early Retirement (except Ill Health Retirement) and by its initials, ARER Actuarially Reduced Early Retirement | Pengage Also known as Early Retirement
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Actuarially-Reduced Early Retirement – when you retire (claim your pension) early, before the Scheme’s Normal Pension Age, except Ill Health Retirement, you must be over the Scheme’s Minimum Pension Age, also known as Early Retirement
Ill-Health Retirement – when your future pension income is paid to you before Normal Pension Age because you pass the rules for being too ill to work in your present job now and until Normal Pension Age (for the current, 2015 Scheme)
When your future pension income is paid to you before Normal Pension Age because you pass the rules for being too ill to work in your present job now and until Normal Pension Age (for the current, 2015 Scheme), also known by its initials, IHR
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Claiming (taking) your pension income after the Scheme’s Normal Pension Age The 2008 Scheme and 2015 Scheme you can increase your pension by a Late Retirement Factor if you wait to claim until after Normal Pension Age
Immediate payment of your pension income (and any lump sum) when you are retired early because of redundancy or in the interest of the efficiency of the service – an option for your employer, not always possible
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